When lenders accept less than a 20 percent down payment,mortgage insurance is generally required.

Name: When lenders accept less than a 20 percent down payment,mortgage insurance is generally required.
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Mortgage insurance is commonly required by lenders when the down payment made by the borrower is less than 20 percent of the home's purchase price. This is primarily done to provide some security to the lender against potential default and default-related losses.

When Lenders Accept Less Than a 20 Percent Down Payment,mortgage